Category Archives: Altcoin
Bitcoin dominance hits 3-year high as BTC price dip pressures altcoins – Cointelegraph
Bitcoin (BTC) market cap dominance has hit its highest level in three years as altcoins feel renewed price pressure.
Data from Cointelegraph Markets Pro and TradingView shows Bitcoins share of the total crypto market cap spiking to 56.3% on April 12.
BTC price action suffered into the weekend with a liquidation cascade bringing BTC/USD below $65,300.
At the same time, however, altcoins faced much worse conditions, data shows many of the top twenty cryptocurrencies by market cap fell more than 15%.
In so doing, altcoins relinquished crypto market share to Bitcoin, and the recent highs mark the most Bitcoin-heavy crypto market since April 2021.
I dont typically look at Bitcoin dominance, but the chart is impressive considering the amount of new altcoins birthed into the market every day, popular trader and social media commentator Bagsy wrote in a response on X.
Fellow trader Daan Crypto Trades was among those noting the difference in drawdown between Bitcoin and altcoins in recent days.
Yes, the actual hit on $BTC was very minimal and the total downside also wasnt very relevant, he told X followers while discussing Bitcoin open interest.
Historically, Bitcoin bull markets tend to see a dominance breakout in their early stages, with altcoins then catching up once BTC/USD sees a prolonged consolidation period.
Related:Bitcoin is hedge against horrible govt fiscal policy Cathie Wood
So far in 2024, altcoins, while performing well, have not witnessed such conditions for a meaningful length of time.
Forecasting what might come next, however, fellow trader Mikybull Crypto argued that change would soon come.
Altcoins market cap is perfectly following the previous Alts season step, he wrote in part of an X post.
An accompanying chart compared Bitcoin and altcoin dominance, drawing comparisons with the end of 2020 the point at which BTC price action had just escaped its previous macro trading range below $20,000.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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Bitcoin dominance hits 3-year high as BTC price dip pressures altcoins - Cointelegraph
Why Many Altcoins Were Swooning This Week – Yahoo Finance
Sooner or later, even the most beloved financial assets obey gravity no matter how high they've soared. This week we saw a decline in a clutch of very recently soaring altcoins, as a higher-than-expected inflation readout and profit-taking hit the cryptocurrency market.
Over the course of the five trading weekdays, according to data compiled by S&P Global Market Intelligence, as of late Friday afternoon both Fantom (CRYPTO: FTM) and Theta Network (CRYPTO: THETA) were trading down by nearly 6% week to date. Bittensor (CRYPTO:TAO) was faring worse, with a more than 8% slide over the period.
One big monster in the room over the past few days was inflation, which came in higher than many had anticipated -- this beast might take a while to tame, after all. On Wednesday, the government's Bureau of Labor Statistics reported that inflation in March had risen by 3.5% year over year, which was 0.3 percentage points higher than the February figure and notably above the estimates of many economists.
Suddenly, there's much less talk of the interest rate cuts Federal Reserve (Fed) officials were hoping to start enacting this year.
The prospect of our current, relatively high rates dragging on for longer than expected is sobering to crypto investors. Lower rates make boring-but-safe investments more attractive, as instruments like bonds pay higher interest and become more competitive with the risky stuff. Despite their rising popularity and the belief some hold that they're ideal stores of value, ultimately cryptocurrencies have to be considered high on the risk scale.
At times, it can take a trading day or two for discouraging news to impact the market. The following Friday saw a wide sell-off of many crypto assets. This includes the Pied Piper behind which every altcoin hops, Bitcoin. That day alone, Bitcoin's price was headed south as of very late afternoon trading at a near 5% clip. And when Bitcoin's having a downer, your favorite altcoin is probably headed south, too.
Some economists are speculating darkly that we're in for more inflation "surprises." What isn't helping at the moment is the apparently insatiable demand for housing; the prices in this category rose notably in March.
Where does this leave cryptocurrency? Coins and tokens might be in for a reckoning, and we shouldn't be surprised to see a period of correction as investors get used to the current situation. That might, however, provide a nice entry point for crypto bulls -- if so, we should keep an eye on altcoins, as the more volatile ones could see outsized price gains on a rally.
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Why Many Altcoins Were Swooning This Week was originally published by The Motley Fool
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Why Many Altcoins Were Swooning This Week - Yahoo Finance
Top Altcoins With High Recovery Potential To Buy This Week – Coinpedia Fintech News
Amidst the highly volatile and bearish crypto market, the crucial support levels for many altcoins are turning weak. Failing to absorb the overhead supply, many top performers are under 30% or more correction in the last few days.
However, despite such an immense supply wave igniting a domino effect, some top altcoins show high recovery potential. With a high likelihood of a bull run continuation in these coins, they could spearhead the next recovery rally in the crypto market.
So, lets have a closer look at their price analysis for a more confident approach.
ONDO (ONDO)
TradingView
With a sideways trend in motion, the 4H chart of the ONDO altcoin showcases resilience against the market-wide sell-off. However, the chances of recovery are improving with Bitcoin Halving inching closer and the market sentiment normalizing from fear.
Dominance at the 200 EMA in the 4H timeframe prolongs the consolidation move. Further, the bullish divergence in the daily RSI bolsters the chances of a bullish reversal.
A bounce-back in ONDO price could reclaim the psychological mark of $1 and lead to a new breakout rally. In such a case, the bull run could aim for the 1.618 Fibonacci trend-based retracement level at $1.32.
Read More : Top 3 Undervalued Altcoins Ahead Of Bitcoin Halving
OKB (OKB)
TradingView
With a bullish higher low trend in motion, the OKB weekly price chart showcases a wedge formation. The altcoin takes constant support from the 50W EMA and teases a trend continuation for the overhead trendline breakout.
Currently, the OKB price stands at the baseline and the 50W EMA and projects a new upcycle entry opportunity. Further, the crucial support level coincides with the 23.60% Fibonacci trend-based retracement level. Thus, the solid underlying demand bolsters the chances of an uptrend.
If the uptrend breaks above the 78.60% Fibonacci level at $74.5, the bull run could hike the altcoin prices to $100.
Toncoin (TON)
Tradingview
The remarkable uptrend in the Toncoin price chart displays solid demand at the support trendline. Despite the recent correction visible in the 4H chart, the altcoin is shifting gears to prolong the uptrend with a new bounce back.
The TON price has increased by almost 10% in the last 16 hours and teases a rally beyond the $10 psychological barrier. With such immense demand and the high momentum prevailing uptrend, the bull run could reach the $15 mark in the upcoming altcoin season.
Also Check Out : Top Altcoins to Consider Amid a Fresh Rally Ahead Fueled by Institutional Demand
As the sell-off wave reaches exhaustion in the broader market, the altcoins are picking up pace for a new recovery rally. The above-mentioned altcoins have high potential due to the prevailing uptrend and the underlying demand. Hence, these altcoins could continue the uptrend and spearhead the next bull run if the broader market recovers with Bitcoin Halving.
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Top Altcoins With High Recovery Potential To Buy This Week - Coinpedia Fintech News
Top 3 Altcoins to Buy Before Halving: DTX Exchange (DTX), Dogwifhat (WIF), and Shiba Inu (SHIB) – NFTevening.com
Savvy investors are watching promising altcoins that could ride the wave of bullish sentiment and position themselves for significant profits after the much-awaited Bitcoin halving event. Among a myriad of altcoin contenders, three projects have gained substantial attention. DTX Exchange (DTX), Dogwifhat (WIF), and Shiba Inu (SHIB) are expected to get a good chunk of the markets upward thrusting force.
Dogwifhat (WIF) has recently witnessed an incredible recovery against the backdrop of wider crypto market volatility. On April 15, WIF price action recovered to $3.11, but it failed to hold on and fell by about 11% in the last 24 hours. However, currently, it istradingat $2.54. Investors are taking advantage of the low prices to buy more WIF tokens, anticipating its bull run during halving.
On this note, increased liquidity in Dogwifhat markets has been critical in ensuring that the token can outperform peers and post double-digit returns, thus making it a strong altcoin candidate.CoinCodex, a crypto analytics platform, projects that if it continues to find favour among traders, WIF will move up further by 50% to reach $4.45 by April 21.
The weekends market volatility has obviously tested the strength of the leading cryptocurrencies, even Shiba Inu (SHIB). Nevertheless, at this time, meme coin managed to gain 1.19%, which helped its value go back to $0.00002236. Remarkably, SHIB has maintained its rank as the 12th most valuable cryptocurrency in the world, with a market cap of an impressive $13.1 billion.
Investors are anxious about the Bitcoin halving event, concentrating on SHIBs ability to increase its worth tremendously.Changelly predictsthat Shiba Inus price will be subject to significant fluctuations during April. Based on the previous years prices and other occurrences, it is estimated that SHIB will be traded at an average price of $0.0000345 in April 2024 but possibly reach a maximum price of $0.0000445 immediately after the halving event.
DTX Exchange (DTX), a pioneering hybrid trading platform, has been causing quite a stir in the digital currency community with its ambitious vision of revolutionizing trade and investment through inventive technologies and investment tools.
As the projects presale gains momentum, having amassed an impressive $230,000, the market is increasingly anticipating DTXs potential. Over 50% of the tokens have been sold out in the Presale Stage 1, and investors are rushing to become a part of the project at $0.02.
On the cusp of Bitcoins halving showdown, the crypto sphere is ripening for some altcoins to emerge victorious. Dogwifhat (WIF), Shiba Inu (SHIB), and the innovativeDTX Exchange (DTX)have positioned themselves as formidable contenders, each boasting unique value propositions and a dedicated community of supporters.
Learn more:
Visit DTX Presale
Read Whitepaper
Join The DTX Community
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.
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Top 3 Altcoins to Buy Before Halving: DTX Exchange (DTX), Dogwifhat (WIF), and Shiba Inu (SHIB) - NFTevening.com
Crypto Market Prediction For Coming Week: What’s in Store For Bitcoin and Altcoins – Coinpedia Fintech News
As the bears take over the night, Bitcoin and altcoins face a tremendous increase in supply pressure. This resulted in a massive liquidation of almost $900 Million this Friday, per Coinglass.
Amidst the crash, Bitcoin lost dominion over the $70,000 critical level and started a domino fall in the altcoin market. The total crypto market cap, excluding Bitcoin, fell by 8.13% last night, dipping under the $1 Billion mark for a moment.
Currently, the markets are bouncing back, and the long-to-short accounts ratio presents an optimistic future. Per Coinglass, the long/short ratio on the biggest exchange, Binance, favors the bulls with 66% long accounts.
With the markets one-sided optimism rising back, Bitcoin and altcoins could find a reversal spot over the weekends.
Despite the drop under $70K, the BTC price sustains a bullish flag in the daily chart. Further, the market value is well above the 50D EMA average line with a lower price rejection candle.
The intraday candle shows a Doji candle rising above the 23.60% Fibonacci level. This bolsters the speculation of a morning star pattern at a crucial support level to ignite a bull run next week.
Hence, the coming week promises a potential spark in buying pressure to surpass the overhead trendline. With this, the BTC price could hit the $76,000 mark next week.
The biggest meme coin stands its ground with a rising channel in action. The 10% downfall overnight, followed by a 2.65% intraday drop, challenges the ascending support trendline.
Tradingview
Further, the quick drop tests the dynamic average line of the 50D EMA. Hence, multiple bullish supports are combined to halt the bear crash.
If the biggest meme coin makes a comeback next week with a bullish turnaround, the meme coins could find an additional boost. Hence, the meme altcoins might see a bounce back in the coming week.
With just a 1.49% drop last night, Binances native token, BNB, stays resilient in the market-wide crash. The BNB price action sustains an ascending triangle pattern by avoiding a crash under the support trendline.
With the overhead ceiling at the psychological barrier of $650, the BNB price eyes a breakout rally next week. The long-tail candles reflect high reversal chances, bolstering the breakout possibility.
As per the trend-based Fibonacci levels, the breakout rally could easily snatch the $743 level.
With a less fortunate day than Binance, Solanas market price dropped by 11% in the crash. The altcoin is down by 25% in the last two weeks, losing the 61.80% Fibonacci level.
Tradingview
With the downfall, SOL price trend approaches the 50% Fibonacci level, a crucial support level at $130. Currently, the altcoin is at a pivotal stage as it stands at the psychological mark of $150.
If the uptrend manages to bounce back next week, the altcoin can resurface above $200. However, a bearish win at $130 will prove fatal for the altcoin.
The well-known Bitcoin alternative, BCH price lost 21% of its market value this week, with a 13% drop last night. The downfall creates an evening star pattern in the weekly chart, threatening the recovery rally in Bitcoin Cash.
Tradingview
The evening star fractures the 38.20% Fibonacci level and even the $550 mark. Currently, the BCH price trades at $535 and struggles to find a support zone. With the next level in sight at $500 or $410, the downside risk is high in Bitcoin Cash.
However, a bounce back in Bitcoin can fuel a reversal in BCH to reach the psychological mark of $1000.
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Crypto Market Prediction For Coming Week: What's in Store For Bitcoin and Altcoins - Coinpedia Fintech News
These 3 Altcoins Are the Biggest Gainers After the Weekend Dip – BeInCrypto
As the cryptocurrency market recovers from a bearish weekend sell-off, three altcoins have emerged as significant gainers, showcasing resilience and bullish momentum.
BeInCrypto looks at three altcoins that have seen a dramatic recovery following the weekends bloodbath.
Following a bearish weekend with over $1 billion in liquidations, the market has slowly begun recovering its recent losses. Bitcoin has reclaimed $66,000 after tapping $60,000 on Saturday, April 13. These three altcoins have also seen the biggest recoveries over the past two days.
Firstly, Core (CORE), known for its decentralized finance (DeFi) solutions, exhibited a remarkable bounce back. Technical charts indicate a robust recovery of over 46% from its recent lows, with price action firmly crossing above the 20 and 50-period moving averages.
CORE recently witnessed a one-year high of $4.37 on April 2 before the price declined by 72.5%. The price has since seen an impressive recovery over the past 24 hours.
Read More: Which Are the Best Altcoins To Invest in April 2024?
The Relative Strength Index (RSI) on the 4-hour chart mirrors this sentiment, climbing steadily and reflecting increasing buyer interest.
NEO, often called the Chinese Ethereum, also displayed impressive gains, per the Binance 4-hour chart. The asset has seen a surge of over 52% post-sell-off, with price candles breaching past key moving averages in a show of strength.
NEOs surge can be attributed to its solid fundamentals and recent updates that have bolstered investor confidence. The price is almost back to its recent 2-year high of $23.82, sitting at $22.25 at the time of writing.
ONDO, although lesser-known, has not lagged in the rally. ONDO most recently also moved $95 million to Blackrocks tokenized fund; the move aims to expedite OUSG transactions from trade date plus two days to instant, addressing investor concerns.
The price chart for ONDO reveals a 60% increase, with the latest candles forming a bullish configuration. This comes from a dramatic 47% decline since reaching its all-time high on March 31.
The RSIs upward trend supports the positive price action, suggesting that ONDO could be on track for further gains. The price of ONDO currently sits at $0.97 Slightly below its all-time high of $1.05.
These three cryptocurrencies stand out not only for their recovery but also for the technical indicators signaling a shift in market dynamics. Their ability to register substantial gains amidst market-wide pressure is a testament to their strong community support and technological value proposition.
Read More: 7 Hot Meme Coins and Altcoins that Are Trending in 2024
While the broader market remains cautiously optimistic, especially with the Bitcoin halving around the corner, these three altcoins have laid down the gauntlet, demonstrating what is possible in a volatile and ever-changing landscape. As the market stabilizes, these tokens could set a precedent for the next wave of altcoin rallies.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that ourTerms and Conditions,Privacy Policy, andDisclaimershave been updated.
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These 3 Altcoins Are the Biggest Gainers After the Weekend Dip - BeInCrypto
Gear Up For Altcoin Season: Top Picks To Energize Your Portfolio – The Crypto Basic
The crypto market is buzzing with a fresh sense of energy as a new bull run takes hold. Investors are keen to discover which alternative cryptocurrencies could surge, offering the chance to boost their portfolios. This article dives into prime candidates that stand out in the current market climb, aiming to guide readers through the plethora of options to those with potential for significant growth. Get ready to explore selections that could revitalize investment strategies in the midst of this energetic market phase.
BlastUP, the premier launchpad on Blast, has recently made waves in the crypto world with its stunning debut, raising $4.6 million in just a few weeks. Many smart investors are rushing to buy BlastUP tokens before their value skyrockets.
Holders of BlastUP tokens may benefit from a number of privileges including participation in an Airdrop , exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.
BlastUP stands out from the crowd in the crypto world. Backed by Blast, the sixth largest blockchain by TVL, it offers genuine utility as a launchpad for DApp ventures. With its motto Grow faster, earn more, BlastUP is dedicated to propelling the success of blockchain startups. Those who join BlastUP now become part of a project poised to become the next big thing in this bull run.
Buy BlastUP tokens before they skyrocket
Toncoin has seen impressive gains, with a weekly increase of 31.85%, a monthly surge of 81.58%, and an enormous 235.97% rise over the past six months. Trading between $5.29 and $7.98, the price shows a strong upward trend and is currently in a push phase, with the RSI at 64.65 suggesting buyers are active.
Looking ahead, the upward moves could take TON closer to resistance at $9.18, as the indicators like Stochastic at 80.30 show strong buying pressure. With the averages at $6.98 and $6.77 supporting the uptrend, optimism is warranted, though reaching the second resistance at $11.87 may take time. However, cautious traders will note the current prices could also attract sellers, potentially testing support at $3.81.
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The Optimism (OP) crypto has seen lively price movement. In the past week, the value dropped by about 25%, and from last month, its down over 37%. However, looking back six months, its almost doubled in price. The current price sits between $1.64 and $3.22, suggesting a mix of ups and downs recently.
Looking ahead, Optimisms (OP) price has a shot at rising, with resistance ahead at $4.10, potentially paving the way to $5.68 if it breaks through. But it could also fall, with support at $0.95. Markets seem warm to OP now, but its smart to watch both good and bad possibilities.
Aptos (APT) has seen a substantial drop in recent weeks. The price of APT has fallen by over 29% in the last week and 36% in the past month. However, looking back half a year, the price has actually increased by roughly 93%. Currently, the coins price moves between $6.03 and $13.79. The price action seems corrective after a previous uptrend, as evidenced by these decreases.
Looking ahead, APT shows potential for recovery but also faces challenges. The price is above the 10-day average of $9.48 and below the 100-day average of $10.33, suggesting some hesitation among investors. If positive sentiment increases, resistance at $17.98 could be tested, but further drops could see prices approach or even test the support at $2.46. The RSI is moderate, indicating theres room for both upside and downside moves.
Polkadot has seen varied movements recently. In the past week, its value dropped by 18.39%. Looking over the past month, the decline is steeper at 34.32%. However, in the last six months, theres been an impressive gain of 93.46%. Currently, the price is swinging between $5.36 and $8.74. The price action has shown both impulsive spikes and corrective dips.
Predicting DOTs future price can be tricky. Its current momentum is closer to the upper end of the recent range, suggesting a possibility of reaching the nearest resistance at $10.62. Should it break past this, the next target could be $14.01. However, if it reverses, it might test support levels at $3.84 and could possibly drop further if the market turns against it. Both enthusiasm for its technology and market trends will shape DOTs journey ahead.
While TON, OP, APT, and DOT carry less short-term potential, BlastUP stands out with its strong concept and integration into the Blast ecosystem, positioning it with the highest potential to excel. Investing in BlastUP offers a promising opportunity during the bull run of 2024.
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Gear Up For Altcoin Season: Top Picks To Energize Your Portfolio - The Crypto Basic
TikTok Established a Partnership with This Altcoin, There was a Sudden Rise in Price! – OIKONOMIA
BytePlus, the enterprise technology arm of TikTok parent company ByteDance, announced a strategic partnership with Mysten Labs, the developers behind the Sui layer-1 blockchain.
As Tiktok transitions to Web3 in partnership with Sui (SUI), it was stated that the partnership will enable BytePlus to integrate its cutting-edge solutions, including ByteHouse, a cloud-native data warehouse, with Suis full node data.
In the statement made by Sui Foundation, the following statements were made:
BytePlus, the technology solutions subsidiary of TikTok parent company ByteDance, is taking its first step into Web3 with blockchain with Sui.
BytePlus will work with Mysten Labs to adapt recommendation solutions and augmented reality products to Sui, among other services.
The company selected Sui as the best blockchain network to offer its services supporting gaming and social applications.
The technological strength demonstrated by BytePlus, combined with Suis next-generation innovations, will lead to innovative services and applications.
After the news, SUI started to rise.
*This is not investment advice.
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TikTok Established a Partnership with This Altcoin, There was a Sudden Rise in Price! - OIKONOMIA
Mixed opinions on Dogwifhat after loss as new AI altcoin soars – crypto.news
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
The drama surrounding Dogwifhats $1 billion market loss unfolds as Borroe Finance emerges as the new AI altcoin poised for substantial growth this quarter.
Dive in as we unpack the latest drama surrounding Dogwifhats $1 billion tumble and spotlight Borroe Finance, the new AI altcoin poised to take over this quarters crypto profits. Grab your digital notepads; this is one wild crypto ride you wont want to miss!
Dogwifhat, once a rising star in the blockchain sky, recently took a nosedive from its all-time high, shedding a billion in market cap. Trading now around $3.85, down over 20%, the crypto community is buzzing with mixed reactions. Bluntz Capital, a big name in crypto trading, views this dip as the end of a major cycle, hinting at a long drawn out abc correction before the next skyward push. Hes eyeing a rebuy at the $1-$2 range, between the 0.618 and 0.78 Fibonacci levels.
On the flip side, CRG, another top trader, has flipped from bullish to bearish, noting that while Bitcoin is bouncing, Dogwifhat is barely budging. BTC bouncing, WIF should be flying out the gate, not stalling, he tweeted, signaling uncertainty about its short-term movements.
As Dogwifhat faces a storm, Borroe Finance is gearing up to shine. Built on the robust Polygon blockchain, Borroe Finance is merging AI with DeFi to create a powerhouse ready to dominate the crypto scene in Q2. The project boasts governance tokens, liquidity pools, and smart oracles merged with the latest AI tech to optimize trading strategies and enhance decentralized application (Dapp) functionalities.
Borroe Finance utilizes CrossFi approaches, blending traditional finance benefits with the decentralization of crypto. This platform is a complete ecosystem designed to support everything from NFT gaming to token swaps with unparalleled efficiency and security.
The presale of their ROE token has already attracted over $3.6 million, with more than 63% of the tokens snapped up by eager investors. Priced attractively at $0.020, these tokens offer a golden opportunity to get in on the ground floor of this new and exciting project.
With Borroe Finances unique approach to integrating AI and blockchain, along with features like governance tokens that give users a say in the projects future, and liquidity pools that ensure smoother transactions, its tailored for those who want more than just profitsthey want to be part of a movement.
Whether investors are tracking the highs and lows of Dogwifhat, wondering if its the right time to buy the dip, or they are looking to invest in Borroe Finances promising new venture, one things clear: the crypto world is never dull. As Q2 unfolds, Borroe Finance looks set to not just participate in the market, but redefine it. And for Dogwifhat? Only time will tell if the predictions hold true.
To learn more about Borroe Finance, visit Borroe Finance Presale, join the Telegram Group, or follow Borroe Finance on Twitter.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
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Mixed opinions on Dogwifhat after loss as new AI altcoin soars - crypto.news
Altcoin Power Trio: Furrever Token Challenges Pepe Coin (PEPE) and Floki (FLOKI) for Dominance in 2024 – Analytics Insight
In the ever-evolving landscape of meme coins, a fierce battle for dominance ensues as Furrever Token (FURR) emerges as a formidable contender against Pepe Coin (PEPE) and Floki (FLOKI). While Pepe and Floki have long reigned as symbols of the meme coin phenomenon, FURR steps onto the scene with aspirations to dethrone them and claim the throne as the biggest meme coin of 2024. With its unique proposition of infusing the crypto space with an irresistible dose of cuteness, Furrever Token aims to revolutionize the meme coin market. As investors and enthusiasts eagerly watch this clash of meme coin titans unfold, the outcome remains uncertain, yet the excitement and anticipation continue to mount.
Pepe (PEPE), the renowned meme coin, faces volatility as it rebounds slightly by 5% in the last 24 hours to reach $0.000005408. However, it still contends with a significant 25% decline over the past week and a staggering 34% loss in the last 30 days.
While these declines may concern some, they offer an opportunity for bargain hunters. With expectations of market recovery, theres optimism for PEPE to regain momentum. Recent signals, like the Relative Strength Index (RSI) rebounding from oversold levels and the 30-day moving averages upward trend, suggest renewed investor interest.
PEPEs trading volume has surged to approximately $1 billion, indicating a potential return for larger investors despite recent divestments. These factors highlight PEPEs appeal for rapid gains, especially as the market sentiment improves.
Recent developments, such as the approval of spot-based Bitcoin and Ethereum ETFs by the Hong Kong Securities and Futures Commission, and potential Federal Reserve interest rate cuts, could further bolster PEPEs trajectory, potentially reaching $0.000010 in the coming months.
FLOKI, experiencing a slight 1% dip to $0.0001401 in the last 24 hours, confronts broader challenges with a notable 30% decline over the past week, currently resting at $0.000185.
Amidst speculation and anticipation, investors and market observers debate whether FLOKI can reach the coveted $1 valuation, especially as it competes with meme coin rivals like Bonk.
The market flexibility and evolving presence of FLOKI highlight its potential in the crypto ecosystem. Market movements and trends underscore the enduring popularity of meme coins, attracting investor attention. In technical analysis, the $0.00020 pivot emerges as a crucial transition point. A breach above this level may encounter resistance at $0.00023, $0.00025, and $0.00028. Conversely, the current support lies at $0.00019, with potential lower support levels at $0.00017 and $0.00015, offering areas for price stability or recovery.
Indicators like the Relative Strength Index (RSI) at 37 suggest a bearish trend, supported by the engulfing bearish candle formation on the 4-hour timeframe, potentially guiding FLOKI towards the $0.00015 support zone. Additionally, the 50-day Exponential Moving Average (EMA) at $0.00023 acts as resistance, reinforcing the bearish outlook.
As FLOKI strives to maintain levels below $0.00020, a breakout above this threshold could signal an upward trajectory, offering a critical monitoring point for investors and aligning with market dynamics.
Enter Furrever Token, a cryptocurrency project poised to revolutionize the crypto landscape by injecting it with an irresistible dose of cuteness. Unlike traditional blockchain projects, Furrever Token brings a refreshing and light-hearted approach to crypto, aiming to create a whimsical and heart-warming ecosystem centered around adorable cat imagery. With a mission to foster a sense of community and shared joy, Furrever Token integrates cute cat-themed stickers, emojis, and visuals into its platform, providing users with a delightful and charming experience.
Tokenomics for Furrever Token are equally promising, with the token symbol FURR set to operate on the BNB-20 blockchain, boasting a total supply of around 9 billion tokens. During the presale, 65% of tokens are available, with 25% allocated for DEXs and 10% for the team, locked for a year to reassure the community of project longevity.
Already making waves, Furrever Token has raised over $800,000 and is on the brink of completing stage 6 out of 10, aiming to raise $1.9M. Launching on DEX (PancakeSwap), Furrever Token accepts a variety of payment options like USDT (BEP-20), promising up to 15X returns with a current price of $0.00048. The legitimacy of Furrever Token is reinforced by audited smart contracts, an active and engaged community with nearly 4k organic members, and a committed team visible on the official Telegram channel. As Furrever Token gains momentum, it aims to replace PEPE and FLOKI as the biggest meme coin of 2024, offering users an unforgettable and adorable journey into the world of cryptocurrency.
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Altcoin Power Trio: Furrever Token Challenges Pepe Coin (PEPE) and Floki (FLOKI) for Dominance in 2024 - Analytics Insight